China's Emergence as a Superpower (till 2014)

[Bob's World]

I suspect that mostly China wants respect.

Someday that may morph to wanting to exact a little payback for what was put upon them, but for now I think respect is #1.

[Firn]

Over the last months I read The Chinese Economy: Transitions and Growth from Barry J. Naughton.

A brilliant book which does full justice to the description, which I think can be fairly quoted here:

This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. The book will be an essential resource for students, teachers, scholars, business people, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.

After presenting background material on the pre-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines different aspects of the modern Chinese economy. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; and the largely unaddressed problems of environmental quality and the sustainability of growth.

The text is notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional or developing economies and to such advanced industrial countries as the United States and Japan. It provides both a broad historical and macro perspective as well as a focused examination of the actual workings of China's complex and dynamic economic development. Interest in the Chinese economy will only grow as China becomes an increasingly important player on the world's stage. This book will be the standard reference for understanding and teaching about the next economic superpower.

Note it is from 2006 and China has undergone a great deal of changes in the meantime. Anyway I think it is a great way to take a closer look at the fundamentals of a country which has been often in the news but mostly discussed without deep knowledge and the proper focus on the key economic issues. A good refresher for my old Macro mind, too.

[Ray]

CHINA CAN NOW DESTROY MAJOR US PACIFIC BASES

A congressional report released days ago acknowledges that China can now destroy five of the six large American military bases in the Western Pacific region.

http://stevenmcollins.com/WordPress/?p=3370

[AdamG]

China is on course to becoming a superpower - but not in the way many expect, writes economist Martin Jacques.
http://www.bbc.co.uk/news/magazine-19995218

[jmm99]

Prophecy Updates and Commentary, and the three reports cited:

http://www.washingtontimes.com/news/...vage-us-bases/

http://nation.foxnews.com/chinese-mi...avage-us-bases

http://www.bloomberg.com/news/2010-1...keon-says.html

are from Nov 2010.

Regards

Mike